Bank of America Raises Nebius Group (NASDAQ:NBIS) Price Target to $205.00

Nebius Group (NASDAQ:NBIS) had its target price upped by research analysts at Bank of America from $175.00 to $205.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s price target indicates a potential upside of 15.77% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Freedom Capital downgraded shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Morgan Stanley initiated coverage on shares of Nebius Group in a research note on Thursday, January 15th. They set an “equal weight” rating and a $126.00 price objective for the company. Wall Street Zen lowered shares of Nebius Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, April 11th. BWS Financial upped their price objective on shares of Nebius Group from $130.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Finally, Citigroup initiated coverage on shares of Nebius Group in a research note on Monday, March 16th. They set a “buy” rating and a $169.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Nebius Group presently has an average rating of “Moderate Buy” and an average target price of $159.33.

Nebius Group Price Performance

Shares of NASDAQ NBIS opened at $177.08 on Monday. Nebius Group has a twelve month low of $27.20 and a twelve month high of $197.89. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $44.80 billion, a price-to-earnings ratio of -121.28 and a beta of 4.03. The firm has a 50-day moving average of $125.83 and a two-hundred day moving average of $107.25.

Nebius Group (NASDAQ:NBIS) last issued its quarterly earnings results on Thursday, February 12th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.27). Nebius Group had a net margin of 19.02% and a negative return on equity of 11.71%. The business had revenue of $227.70 million during the quarter, compared to analyst estimates of $246.05 million. As a group, analysts expect that Nebius Group will post -2.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CRO Marc Boroditsky sold 4,500 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $160.10, for a total value of $720,450.00. Following the completion of the sale, the executive directly owned 42,162 shares of the company’s stock, valued at $6,750,136.20. This represents a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andrey Korolenko sold 31,357 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $111.20, for a total transaction of $3,486,898.40. Following the completion of the sale, the insider directly owned 585,209 shares of the company’s stock, valued at $65,075,240.80. This trade represents a 5.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 146,441 shares of company stock valued at $17,672,342 over the last ninety days.

Hedge Funds Weigh In On Nebius Group

A number of hedge funds have recently added to or reduced their stakes in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Nebius Group by 2.7% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,977 shares of the company’s stock worth $309,000 after buying an additional 79 shares during the last quarter. WPG Advisers LLC increased its holdings in Nebius Group by 3.6% in the first quarter. WPG Advisers LLC now owns 2,799 shares of the company’s stock worth $290,000 after buying an additional 98 shares during the last quarter. Harbor Advisors LLC increased its holdings in Nebius Group by 0.4% in the third quarter. Harbor Advisors LLC now owns 27,600 shares of the company’s stock worth $3,099,000 after buying an additional 100 shares during the last quarter. Vermillion Wealth Management Inc. increased its holdings in Nebius Group by 20.0% in the first quarter. Vermillion Wealth Management Inc. now owns 600 shares of the company’s stock worth $62,000 after buying an additional 100 shares during the last quarter. Finally, Sound Income Strategies LLC increased its holdings in Nebius Group by 62.5% in the first quarter. Sound Income Strategies LLC now owns 260 shares of the company’s stock worth $27,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 21.90% of the company’s stock.

Nebius Group Company Profile

Nebius Group N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies to help consumers and businesses navigate the online and offline world. The company’s services include Nebius AI, an AI-centric cloud platform that offers infrastructure and computing capability for AI deployment and machine-learning oriented solutions; and Toloka AI that offers generative AI (GenAI) solutions at every stage of the GenAI lifecycle, such as data annotation and generation, model training and fine-tuning, and quality assessment of large language model for accuracy and reliability.